JAPAN: Unitika Profits Slump 64 Per Cent

Apparel and plastic film manufacturer, Unitika Ltd, on Monday posted a 64.3 per cent slide in full-year consolidated net profit from the year-ago period amid falling sales at its key textile division. The Osaka-based company made net income of 1.3 billion yen in the year to March, with its recurring profit down 37.3 per cent to 5.1 billion yen on sales of 258.8 billion yen, down 6.6 per cent on the same period last year.

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